Furore over federal funding of rail link project to Adani coal mine

Last Modified: Mon Dec 05 2016 07:42:13 GMT+0530 (India Standard Time)
  • $2.2 billion
    Capital investment required for the North Galilee Basin Rail Project - a rail link from the Port of Abbot Point to Adani Group's huge Carmichael project.
  • 50%
    of project cost as loan, has met the economic, financial and employment conditions under the Northern Australia Infrastructure Fund (NAIF).
  • $1 billion
    in federal funding according to the Australian Conservation Foundation chief executive, Kelly O’Shanassy, would be “a serious misuse of public money”, claiming Adani had “a mining licence but no social licence”.
  • 310 km
    long rail line, could end up as "a railway line to nowhere and an unpaid billion-dollar loan" according to O’Shanassy if Adani was unable to ultimately fund the mine (some of the biggest banks are staying away).
  • 22%
    of coral reef has been lost due to the worst ever bleaching event this year. The Carmichael project, the transportation of coal to ports in Queensland and ultimately exports via sea routes will worsen the damage even more.